Harvest Energy Reports Third Quarter 2009 Financial and Operating Results CNNMoney.com (press release)
Harvest Energy (TSX: HTE.UN) (NYSE: HTE) ("Harvest") today announces the release of its third quarter 2009 financial and operating results. The unaudited financial statements, notes and MD&A pertaining to the period ended September 30, 2009 are filed on SEDAR at www.sedar.com and are available on Harvest's website at www.harvestenergy.ca . All figures reported herein are Canadian dollars unless otherwise stated.
Corporate Highlights:
- Cash from Operating Activities was $99.0 million ($0.55 per Trust Unit) compared to $0.45 per unit in the prior quarter and $0.87 per unit in the same quarter last year. Harvest declared distributions of $27.2 million ($0.05 per Trust Unit/month), representing 27% of Cash from Operating Activities. The payout ratio improved compared to the 33% paid in the previous quarter as downstream cash flow improved over the second quarter;
- On October 21, 2009, Harvest Energy announced an agreement with Korea National Oil Corporation to purchase all of the issued and outstanding trust units at a price of C$10.00 per trust unit for a total cash consideration of approximately C$1.8 billion plus the assumption of C$2.3 billion of debt. The Arrangement Agreement will be completed by way of a plan of arrangement under the Business Corporations Act (Alberta) (the "Arrangement") subject to unitholder and regulatory approval. The Arrangement represents a 47% premium over the 30-day weighted average trading price of the Units on the Toronto Stock Exchange up to and including October 20, 2009;
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Loan Modification Attorneys Negotiate Home Mortgage Bailout - Foreclosure Assistance Plan - Real Estate Foreclosure Prevention Alternative To ...
What is the best way to get out of $4,000 debt?
I know it doesn't seem like too much, but I want to be out of this debt within the next 4-6 months since I'm going to have to start saving for my wedding in May 2009, does anyone have some advice for me? It'd be VERY helpful and greatly appreciated!
Thanks!
I agree with the person that said you have to pay at least $1000 a month to get out of that cycle. (bankruptcy is not even an option, do not get another loan and stop using credit) Living cheap and frugally will help you during those months.
Eliminate any unnecessary expenses. cable is not a necessity at this time. Keep the cell phone, eliminate the land line. Do not rent anymore movies, go to the library and rent, way cheaper.
Get a part-time job to bring more income. Do not eat out anymore!!! bring lunches, breakfast and no buying anything else. Know the difference between a need and a want. Shop at cheap stores, Aldi, target, walmart for necessities.
Write down on a planner everything( I mean EVERYTHING!) you buy or pay for the month. You'll know where your money is going. When paying bills, do not look at what you spend in a months income. Pay your bills by each check at their dates or before.
I've been in debt and honey you can pay that 4,000 in 4-5 months. Personal Finance for Dummies and Yahoo personal finance have great articles on eliminating debt.
Shave off all unnecessary expenses, if you really want it, you will make it happen. Good luck!
But you have to clear a debt....even if you cant make your deadline, simply start paying off as much of it as you can and as quickly as possible.
Like my Grandfather always told me...."You have to have a plan and a goal, always".
My suggestion would be to cut all unnecessary expenses, and think of anything that you can do to bring in extra income. If you are renting, perhaps you could move in with a family member or friend to lower/eliminate expenses temporarily. Focus on your talents. What service could you perform that others would pay for? What are you good at?
4-6 months is a short time frame to eliminate $4000 debt if you do not have a substantial income.
If you want to be out of debt in the next 4 - 6 months, you need to be paying $1000 per month.
If you are paying $150.00 per month on a credit card with 18% interest, it will take you approximately 3 years and will cost you an additional $1100 in interest before this is paid off.
So, the answer is, pay it off as soon as possible.
You can get out of the debt as fast as you like!
Being said above, here is little solution.
CUT YOUR EXPENSES.
Yes if you can save a penny, save it.
And also you can get 4000$ into installment plan of 4 or 5 installments.
Now, keep saving and when you get first intallment sum, just pay it.
so it is
--> CUT expenses > SAVE it > PAY it.
If you can not cut or control expenses, start tracking your CASHFLOW. that is CASH IN and CASH OUT. Soon you will know where the money is GOING.
This will help if you start taking ACTION today.
You may need to have one savings account to put money in that before paying to the Creditor.
for best savings account information, check this resource site
down&out IRS after me where do I turn for help/in debt councling/paying taxes to the bush war 0 left 4 me?
What more can I say! I find myself in debt and the only resaon to keep on going is the fact that death taxes and to be alive is to keep on untill what
I hear ya...
.
If you're saying that you have no money left after you pay taxes, that is not Bush's fault. That is Congresses fault. They create the tax bills.
Maybe you should get a job that pays more than you spend.
You owe the IRS because you didn't pay your taxes. Don't expect sympathy from me. I work hard and pay my taxes. If I owe money with my tax return I pay it. Your taxes (or should I say "Our taxes") pay for much more than the military. Federal money goes to the states to pay for some of the roads you drive on, taxes pay for education (yes, federal money goes to the states and cities for this as well), and many other things.
Bankruptcy probably won't help you. Consult an attorney.
can someone help me 4 "Debt capital markets by Basir shamsie"the advert. supplement of Dawn 12 June 2007
Plz help me to find out and print the advertisement supplement of Dawn newspaper containing title: "Debt Capital markets: Past, Present and Future by Basir Shamsie, SEVP,Jahangir Siddiqui Bank Ltd." dated 12 June 2007. at earliest. plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
regards
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http://search.yahoo.com/search?p=+Dawn+newspaper+&fr=yfp-t-501&toggle=1&cop=mss&ei=UTF-8
am i responsible for a debt after 4 yrs have passed, and this is the first time they have contacted me?
I have just been asked to pay a debt after 4 yrs, I know I still owed part of the moneys the person is asking of me, but not all as most of it was paid in 2003, I have proof. I have been told that once a debt is older then 5 yrs then you know longer have to pay it. This is not a bank loan or credit card debt, and no contracts where signed at the time.
Refer to this hyperlink to determine if your debt falls within scope of the law on the statute of limitations.
Good luck.
If you refuse to pay, they can take you to court. If it's a bank or other financial institution, if they write the debt off (lose money), they have to report the cancelled debt to the IRS...at which point it's potentially taxable income to you.
Guess I'm saying: honor your debts.
Check your state law.
laws in this regard vary state to state, country to country.
in my opinion, if you owe money, then you pay it. you don't run from it and wait until the other person forgets about it.
How do I resolve 4 year old debt?
I have outstanding credit card bills that were charged up between 4-5 years ago they are now in the hands of third party debt collection agencies. Would it be wise to call them and start making payments again to pay them off or should I let them charge off. If I do make payments or pay them off right then and there, how will that show up on my credit report?
If they're alot of money, I reccomment filing bankruptcy, or if they aren't alot make payments monthly to each of them until u get them payed off, then have them deleted from ur credit report.
freecreditreport.com
don't pay you could get a very bad credit rating if you don;t have one already. Maybe if you phoned the agency and told them you could scrape together 50 per cent of the total debt or even 30 per cent would they take that as a full settlement (and get that in writing from them!!)
maybe they would cancel the debt for that amount. I know that if you are really in hock to a credit company and you call them they will usually cancel any interest that has accumulated as long as you attempt to pay off the balance.
Paying off this debt will not magically fix your credit.....the charge-off will remain and be updated to "paid." Any new payments you may make will automatically reset the statute of limitations on this old debt, which enables the debt collectors to take legal action against you. By contacting the debt collectors, you run the risk of triggering aggressive collection activity, even a lawsuit...it's not worth the risk...The item falls off naturally in a few years anyway. Don't open up a can of worms....
For your reference http://www.ezconsolidation.com my one of friend had recently consolidated his loan from there to pay off all his debts with bad credit, you can try this source may this could help you.
What is the amount of interest owed on the current national debt figure of 9.4 trillion?
I understand that the current national debt is 9.4 trillion not including the interest owed. What is the amount of the total debt with the interest?
Hazey, the interest on the federal debt from the most recent (FY 2007) year was a staggering $429,977,998,108.20!!! That huge expenditure buys no services, infrastructure or protection. That tragedy is compounded by the fact that much of it goes directly to foreign governments and investors.
In general, the interest is paid via Treasury Issues (Bills, Notes and Bonds) that mature from a few days out to thirty years. We have forced that debt service onto our children and grandchildren, probably throughout the rest of this Century. Thomas Jefferson failed in his attempt to prevent one generation from paying back the previous generation's debts, showing his amazing foresight. The reality is that such debt-service represents the largest tax-increase in US history, but not elected official has the courage to acknowledge such.
However, there is some light at the end of this tunnel, if only more folks like you would pose your question whenever possible.
I have $33k in credit card debts on 4 credit cards, where can i find a bank that consolidates that debt?
I read the other day that it's possible to consolidate credit card debts while getting a lower rate, who can really do that.
I wish i had only one credit card instead of 4.
Credit card debt consolidation adds up all your unpaid balances and converts them into a single payment. This payment is far lesser than each of the individual payments.
When you finalize a plan with a debt consolidation company, the company repays your dues to your creditors. Then you make a single payment to the consolidation company every month. Your average new interest rate is much below the old interest rate.
All credit card debt consolidation loans include some type of credit card and debt counseling. You have to trim your lifestyle to eliminate unnecessary expenses. This will allow you to set your house in order. But this necessary, as the ultimate goal of debt consolidation is to help you out of debt, while keeping your home.
http://debts-to-wealth.com/category/Credit-Card-Debt-Consolidation.html
In California, does the 4 year SOL for written debt agreements include credit card debt?
I stopped paying a credit card company approximately 4 years ago. I read that the SOL on written agreements in California is four years from the date of breach. Does this SOL cover credit card debt? Does the 4 years begin the first month I did not pay? What is considered the date of breach. If it has been 4 years, does this mean that a collection agency cannot come after the money?
As far as the states collecting SOL:
I disagree with what was posted concerning the start date for the California collecting SOL.
It "does not" start with the first missed payment, but from the last payment or charge on the account before the account is charged off.
Note the following "with a special note to (3)":
ยง337. Within four years:
1. An action upon any contract, obligation or liability founded upon an instrument in writing, except as provided in Section 336a of this code;
2. An action to recover
(1) upon a book account whether consisting of one or more entries;
(2) upon an account stated based upon an account in writing, but the acknowledgment of the account stated need not be in writing;
(3) a balance due upon a mutual, open and current account, the items of which are in writing; provided, however, that where an account stated is based upon an account of one item, the time shall begin to run from the date of said item, and where an account stated is based upon an account of more than one item, the time shall begin to run from the date of the last item.
*The "last item" in (3) means the last payment or charge, not the first missed payment.
I agree with what was posted concerning the California FDCPA and the fact that the FTC FDCPA only covers collectors.
California does have it's own version of the FTC's FDCPA. Not only does the California FDCPA cover collectors but it also includes original creditors in it's laws (the only exemption for "original creditors" under the Ca. FDCPA is that they are not required to provide validation/verification)
California also has it's own version of the FTC's FCRA.
(never overlook your own states laws - in some respects they are stricter than the FTC's laws)
As far as the reporting period:
I disagree with what has been posted concerning the time being the "last" missed payment as the start of the reporting period.
The reporting period starts from the "first" time a person becomes 30 days late and the account was never brought current leading to the charge off.
The reporting time does not start with the "last" payment made on the account before the account is charged off, unless the "last" payment is the "first" payment that was 30 days late before the charge off.
For example, a person can be 30 days late on 5/5/05, then the person makes a payment "that does not" bring the account current on 6/10/05. Then the person makes no further payments. The compliance date would be 5/5/05 and not 6/10/05.
Note the following:
FCRA Staff Opinion Letter - Johnson
In sum, we believe that the phrase "commencement of the delinquency that led to the action" in Sections 605(c)(1) and 623(a)(5) of the FCRA should be construed according to its normal meaning. If a consumer falls behind on an account and never catches up, the delinquency has its "commencement" when the first payment is missed. From that point on, the account is past due and thus delinquent.
***
As for the extra 180 days, it was only allowed by the FTC because there were times when the true compliance date was unknown (due to bad record keeping by original creditors)
Note the following:
FCRA Staff Opinion Letter - Johnson
2. The additional 180 day period accords a measure of flexibility to credit bureaus whose furnishers may provide them with the wrong date. However, the expansion of the time period that Section 605 allows chargeoffs and similar actions to be reported accents the desirability of treating the "commencement" of the delinquency as the first missed payment -- not some later date that would further extend the period.
*
If a person basically knows when the 7 year reporting time limit started and it is near or at that 7 year limit, the person has every right to dispute the account as obsolete.
Just because a person may be past the collecting SOL does not mean a collector may not "try" to sue, even though it is a violation.
If a collector does sue on a time barred debt, it would be up to the defendant to include an affirmative defense of SOL in with their answer and, if they choose, to file a counter claim for the collectors violation of filing suit on a time barred debt.
in debt up to my elbows and need help i owe 4 credcards 15,000 how should i go about my way is not working?
im in debt up to my elbows and need help i owe 4 credit cards 15,000 how should i go about my way is not working and im so stressed out it consulidating a good idea or not im seriously thinking about it please help me.
Do you have a home? If you have equity in your home you can consolidate it into a home equity loan...or if not...I would agree that consolidating it would be best one payment...maybe a lower interest rate.
I would go to this website...it has a lot of info on getting out of debt
http://www.daveramsey.com/
I have over $100,000 in unsecured debt on 4 different credit cards. Help!?
Should I attempt to pay this off or just give up and file bankruptcy? Due to illness I have lost my business and most of my income.
There's an old saying...
When I owe the bank $1000, I have a problem.
When I owe the bank $100,000, they have a problem.
You'll never get out of that kind of debt on a high interest loan. Call them to renegotiate the interest and if they won't, go for bankruptcy. They will renegotiate, as they want their money.
Good luck!
Consumers Go Late On Auto Loans and Lines of Credit
The American Bankers Association (ABA) just announced that late payments on consumer loans in the third quarter of last year hit the highest level since record-keeping began in 1980. Delinquencies rose to a seasonally adjusted 2.9% topping the previous high of 2.88% set in 1989. Home equity lines of credit and indirect auto loans experienced the [...]
4 debt help - News
US Shorter-Term Notes Little Changed Before Economic Reports
The Money Times 13 () -- Treasury notes maturing in five years and less were little changed as corporations sold almost $13 billion in debt and traders prepared Buy Bonds Now
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Arne Duncan sails through confirmation hearing for Education ... - Chicago Sun-Times Arne Duncan sails through confirmation hearing for Education It's ridiculous in this day and age to allow a dollar sign to bar the door to college for anyone, or open it only at the price of massive student debt. |
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Investing in Penguins and Fedoras Still, Red Hat did manage to slightly reduce interest expenses as a result of lowering their debt load. As of the end of Q3, Red Hat had a debt-to-value |
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